EverSource Wealth Advisors LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 14.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,382 shares of the semiconductor company’s stock after purchasing an additional 294 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Analog Devices were worth $394,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ADI. Blossom Wealth Management boosted its position in shares of Analog Devices by 4.8% in the 1st quarter. Blossom Wealth Management now owns 1,424 shares of the semiconductor company’s stock worth $235,000 after buying an additional 65 shares in the last quarter. American National Bank boosted its position in shares of Analog Devices by 10.9% in the 1st quarter. American National Bank now owns 682 shares of the semiconductor company’s stock worth $113,000 after buying an additional 67 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of Analog Devices by 3.1% in the 4th quarter. Mission Wealth Management LP now owns 2,395 shares of the semiconductor company’s stock worth $421,000 after buying an additional 73 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in Analog Devices by 24.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 371 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 74 shares in the last quarter. Finally, OPSEU Pension Plan Trust Fund lifted its holdings in Analog Devices by 2.9% in the 1st quarter. OPSEU Pension Plan Trust Fund now owns 2,701 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 76 shares in the last quarter. 85.22% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Tunc Doluca sold 2,300 shares of the stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $160.00, for a total value of $368,000.00. Following the completion of the sale, the director now owns 85,357 shares of the company’s stock, valued at $13,657,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Vivek Jain sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total transaction of $2,318,820.00. Following the completion of the sale, the senior vice president now owns 18,271 shares of the company’s stock, valued at $3,026,225.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tunc Doluca sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $160.00, for a total transaction of $368,000.00. Following the sale, the director now directly owns 85,357 shares of the company’s stock, valued at approximately $13,657,120. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock valued at $8,827,200 over the last 90 days. 0.91% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Bank of America reduced their target price on shares of Analog Devices from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Truist Financial upped their target price on shares of Analog Devices from $203.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, August 18th. UBS Group reduced their target price on shares of Analog Devices to $210.00 and set a “hold” rating on the stock in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Analog Devices from $165.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Analog Devices from $185.00 to $167.00 in a report on Friday, July 15th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.61.
Analog Devices Stock Down 1.6 %
ADI opened at $147.87 on Friday. The firm has a 50 day moving average price of $161.94 and a 200 day moving average price of $158.82. The company has a market cap of $76.06 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.16. Analog Devices, Inc. has a 1 year low of $138.50 and a 1 year high of $191.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.92.
Analog Devices (NASDAQ:ADI – Get Rating) last posted its earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.06 billion. Analog Devices had a net margin of 17.00% and a return on equity of 11.92%. The company’s revenue was up 76.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 9.42 earnings per share for the current year.
Analog Devices Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Tuesday, August 30th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, August 29th. Analog Devices’s dividend payout ratio (DPR) is 83.98%.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.
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